Mr. Fortenberry
introduced the following bill; which was referred to the
Committee on Financial
Services

A BILL

To amend section 520 of the Housing Act of 1949 to revise
the requirements for areas to be considered as rural areas for purposes of such
Act.

1.

Short title

This Act may be cited as the
Rural Housing Preservation Act of
2012.

2.

Definition of
rural area

Section 520 of the
Housing Act of 1949 (42 U.S.C. 1490) is amended by inserting after the period
at the end of the second sentence the following: Notwithstanding any
other provision of law, any area eligible for rural housing programs authorized
under this title on June 30, 2012, shall remain eligible for such programs
until September 30, 2013..